Thousands of Successful Solar Panel Installations Across Florida
Lake Panasoffkee Solar Panel Installers Since 1986
Certified, Expert Technicians in Lake Panasoffkee
Lake Panasoffkee FL Solar Installers
Solar Direct’s Lake Panasoffkee solar installers are certified and licensed with over 30 years of experience and is a top rated solar power company. Established in 1986, Solar Direct has completed thousands of residential and commercial solar installations worldwide ranging from US Embassies, high schools, community centers, medical facilities, hotels, factories, agriculture, aquatic centers, and more. Since 1986, we have displayed a commitment to providing clean, sustainable energy for homeowners and businesses in the state of Florida. Call us today at 352-268-9634.
Getting Started With Solar in Lake Panasoffkee
How Solar Works: When sunlight strikes the cells of a solar panel, it causes the electrons to flow, creating an electrical current. This energy is channeled into an inverter where it is converted from direct current (DC) power to alternating current (AC) power to provide energy to your home. As part of the Sunshine State, Lake Panasoffkee FL residents are ideal candidates for optimal solar energy absorption. When you choose to have a grid-tied system installed, you’ll receive a credit for the excess energy you produce, effectively reducing or eliminating your utility bill.
Your Solar, Your Way
Know Your Solar Options
There are the three primary types of solar systems:
Grid-Tied Solar System
Solar panels are installed and the energy generated is used to power your home or business. When no energy is generated, you get power from the grid. Excess energy produced by your solar panels is sent back to the grid and you get a credit.
Grid-Tied With Battery Back-Up
Solar panels are installed and the energy generated is used to power your home or business. When no energy is generated, you get power from your battery first, then if necessary, from the grid. Once your battery is full, you still send energy back to the grid and you get a credit.
Stand Alone (Off-Grid) Solar
Solar panels are installed and the energy generated is used to power your home or business. When no energy is generated, you get power from your battery. You are not tied to the grid and have complete energy independence.
Paying for Solar in Lake Panasoffkee FL
Maximizing Your ROI
Available to Lake Panasoffkee Homeowners Through 2023
Federal Tax Credit
Although 2019 was the last year the full 30% tax credit was available, homeowners and businesses in Lake Panasoffkee FL can still receive a 26% credit through 2022. Beginning in 2023, it will go down to 22%, then ONLY commercial units in Lake Panasoffkee will permanently receive a 10% credit thereafter.
Keep in mind that a tax credit works differently than a tax deduction. A credit means you’ll be directly refunded on your taxes for the qualified amount. For example, if you pay $15,000 for a 6kW solar system in 2020, you’ll be credited $3,900 on your 2020 tax returns, bringing the cost of your unit down to $11,100.
Start Saving Immediately
$0 Down Financing Options
In addition to paying cash, there are several financing options for solar in Lake Panasoffkee FL. The most popular options are home improvement loans or home equity loans. Many of these are available for little to no money down and still allow you to take advantage of the federal tax credit. And, unlike other home improvements, not only is the solar purchase itself tax exempt, the value added to your home is also exempt from any increase in property taxes in Lake Panasoffkee.
Increase Your Home's Value
Solar panel installation provides Lake Panasoffkee residents and business owners with a relatively quick ROI by immediately reducing or eliminating your electric bill and adding tax-exempt value to your home or property. This is true even if you have a loan, as your monthly loan payment is typically less than your monthly electric bill. On average, the value added to your home is approximately 4.1%, according to a Zillow analysis conducted in 2019.
Understanding Net Metering
Reduce or Eliminate Your Electric Bill
How much money can you save with solar in Lake Panasoffkee? Typically your solar system will generate more power than you need. With a grid-tied solar system, whatever power isn’t used by you is sent back to the grid. You receive a “credit” from your utility company for providing them with power, essentially causing your meter – and your power bill – to run backwards, in a process known as “net metering.” This makes it possible to save money on your electric bill with solar or even to entirely eliminate it; and, as an added bonus, if you send out more power than you use, at the end of the year, residents of Lake Panasoffkee FL receive a check for the difference!
We'll Handle It
Solar Installation & Permitting in Lake Panasoffkee FL
Lake Panasoffkee requires permits and inspections for solar panel installation. Your solar project manager will arrange all required permitting and inspections so you don’t have to. In most cases, you won’t even need to be home for this to take place. We’ll also oversee engineering, design and installation, making the process as simple as possible for you. Interested in DIY Solar Panel Installation? You’ll still need an engineer in order to obtain the required permitting and to pass inspection. Ask us about our engineering and design services in Lake Panasoffkee.